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Key Facts About Better Salary Advance

The ‘Better Salary Advance’ program allows MAB Payroll users to access up to (50%) of their salary in advance with a (30) days repayment period.

Benefits

Benefits

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Salary Advance: Up to (50%) of monthly income
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Salary Advance: Up to (50%) of monthly income
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Tenure: Short-term financing for up to (30) days
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Tenure: Short-term financing for up to (30) days
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Platform: User-friendly online application
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Platform: User-friendly online application

Conditions & Qualifications

  • Must be an MAB Payroll customer for a minimum of (6) months.
  • Applicant minimum monthly salary must have at least (200,000) MMK.
  • Must maintain a clean financial record with no outstanding dues or blacklisting at MAB.

  •  NRC (Front & Back)
  • Household Listing
  • Official Employment Verification: A recommendation letter issued on the Company’s Letterhead, clearly stating your tenure, current position, and monthly salary.

Service Charges

Salary Advance Amount (MMK) Service Charges (MMK)
100,000 - 300,000 3,000
300,001 - 800,000 5,000
800,001 - 1,500,000 10,000
1,500,001 - 2,500,000 20,000
5,000,000 30,000

Additional Informations

Better Salary Advance is a type of salary advance loan dedicated to employees of companies linked with MAB Payroll Service. Employees of those companies can apply for a salary advance loan of up to 50% of their current salary before the payday.

The applicant must submit the Better Salary Advance Online Application Form to get the loan and this form can be received by scanning the QR Code or via the link or MAB Website.

Every employee who receives monthly salary via MAB Payroll Service is eligible to apply for Better Salary Advance. In addition, the employee who applies for Better Salary Advance

  • Must have earned at least (6) months’ salary through MAB Payroll Service.
  • Minimum salary must be (2) lakh.
  • Must not have a record of loan delay and blacklist in MAB.

  • National identity Card (Original)
  • Household Registration (Original)

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